Puerto Rico Agency Plans Talks With Hedge-Fund Creditors

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Mike Cherney And Matt Jarzemsky Puerto Rico's Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are ...

Xurpas Buys 51% Stake in Globe Unit for PHP900 Million

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Cris Larano MANILA--Xurpas Inc. (X.PH) said Wednesday it has agreed to buy a 51% stake in Yondu Inc., a wholly owned mobile content developer and service provider unit of Globe Telecom Inc. (GLO.PH), for 900 million pesos ($19.3 million). ...

Asian Markets Wobble on U.S. Drop, China Worries -- Update

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Chao Deng Stocks in Shanghai fell sharply on Wednesday, extending a tumultuous period for markets in the region, as concern deepened about the state of the Chinese economy. The Shanghai Composite Index was last down 3% at 3070.46 but ...

A Conglomerate Finds Love Amid The Breakups -2-

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

Honeywell's Automation & Control Solutions business, which includes the personal protection lines, earned $2.2 billion last year, up from $1.8 billion in 2010. Overall, Honeywell reported net income rising more than 109% over the same period, to $4.24 billion in ...

Australia Economic Growth Slows as Mining Boom Cools

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Vera Sprothen SYDNEY--Australia's economy expanded slightly in the second quarter but by less than economists were expecting, as fading investment in the mining sector and falling export revenue continued to put a brake on growth. Gross domestic product climbed ...

China Fears Sink Markets Again

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

U.S. stocks plunged Tuesday, extending a tumultuous period for markets into another week amid new evidence that China's stubborn economic slowdown is damaging global commerce. The trouble started with a weak reading on China's manufacturing sector and was amplified by ...

Asian Markets Wobble on U.S. Drop, China Worries

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

Asian markets dropped early Wednesday following big drops in the U.S. market and persistent concerns about the strength of China's economy. In recent weeks, stocks, currencies and commodities have dropped dramatically on signs of a slowdown in Chinese growth. Disappointing ...

Market Bets Abound, but Where Are the Banks?

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Justin Baer, James Sterngold and Gregory Zuckerman The past two weeks of nearly unprecedented stock-market volatility once would have marked ideal trading conditions at the country's biggest banks. That era is over. As Wall Street brimmed with tales of ...

Puerto Rico Agency Plans Talks With Hedge-Fund Creditors

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

Puerto Rico's Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under ...

A Conglomerate Finds Love Amid The Breakups

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

(FROM THE WALL STREET JOURNAL 9/2/15) By Ted Mann When Honeywell International Inc. was thinking of buying a maker of hand and foot protection in 2008, one of its executives toured a Charleston, S.C., factory owned by the target and ...

Asian Markets Wobble on U.S. Drop, China Worries

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Chao Deng Asian markets dropped early Wednesday following big drops in the U.S. market and persistent concerns about the strength of China's economy. In recent weeks, stocks, currencies and commodities have dropped dramatically on signs of a slowdown in ...

CBO finds patent-law change could cost health programs $1.3 billion

TODAY: Sept. 2, 2015 PUB DATE: Sept. 1, 2015

By Joseph Walker A patent law change sought by the pharmaceutical industry could cost federal health-care programs $1.3 billion over a decade by delaying new generic medicines, an analysis by the Congressional Budget Office found this summer, according to people ...

Medtronic Buys Developer of Devices to Treat Aneurysms

TODAY: Sept. 2, 2015 PUB DATE: Sept. 1, 2015

By Josh Beckerman Medtronic PLC (MDT) has purchased Medina Medical, which develops medical devices focused on vascular abnormalities of the brain including cerebral aneurysms. Medtronic said Medina Medical's technology is "a natural fit with our Neurovascular portfolio, further strengthening our ...

South Korea Exports Plunge 14.7% in August

TODAY: Sept. 2, 2015 PUB DATE: Sept. 1, 2015

By Kwanwoo Jun SEOUL--South Korea's exports fell more sharply than expected in August--the eighth consecutive month of declining shipments overseas--according to provisional data from the Ministry of Trade, Industries and Energy. Exports shrank 14.7% from a year earlier to $39.33 ...

South Korea Exports Plunge 14.7% in August -- Update

TODAY: Sept. 2, 2015 PUB DATE: Sept. 1, 2015

By Kwanwoo Jun SEOUL--South Korea said exports posted their sharpest fall in six years in August as shipments slumped to China, the country's largest export destination, amid concerns about a slowdown in the world's second-largest economy. The South Korean data ...

China Data Pulls Down Asian Shares

TODAY: Sept. 2, 2015 PUB DATE: Sept. 1, 2015

Asian markets fell Tuesday after disappointing manufacturing data further put in focus China's economic slowdown. The region was already extending a turbulent stretch where fears about a slowdown in China have weighed on commodities and worries about a devalued Chinese ...